Sydney’s Point Piper top performing suburb

The most expensive median value for the year was in Sydney’s Point Piper, at $5.46 million.
Photo: Louie Douvis

by
Ainslie Chandler

House prices dropped 0.4 per cent in the year to November, while unit values rose 1.6 per cent, according to RP Data.

The property analysts are predicting a flat year for Australian housing markets but for performance between different cities and regions to remained varied.

“Property markets in Sydney, Brisbane, Perth and Darwin, where home values have corrected more than the other capital cities, may be the markets to watch for improving conditions. We are already seeing signs of a recovery in these markets, particularly in Perth and Darwin," RP Data said.

The most expensive median value for the year was in Sydney’s Point Piper, at $5.46 million. For units, Sydney’s Dawes Point had the highest median value at $2.45 million.